In May 2015, Antonio graduated from UCLA with a degree in accounting and moved to Denver to

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In May 2015, Antonio graduated from UCLA with a degree in accounting and moved to Denver to look for work. Shortly after arriving in Denver, he obtained work as a staff accountant in a local CPA firm. In his move to Denver, Antonio incurred the following costs:

$275 in gasoline.

$250 for renting a truck from UPAYME rentals.

$100 for a tow trailer for his car.

$85 in food.

$25 in double espressos from Starbucks.

$300 for motel lodging on the way to Denver.

$405 for a previous plane trip to Denver to look for an apartment.

$175 in temporary storage costs for his collection of baseball memorabilia.

How much, if any, may Antonio take as a moving expense deduction on his 2015 tax return? Is that deduction subject to any conditions that could change its deductibility in the future?

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Fundamentals Of Taxation 2016

ISBN: 9781259812774

9th Edition

Authors: Ana Cruz, Michael Deschamps, Frederick Niswander, Debra Prendergast, Dan Schisler, Jinhee Trone

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